New Chancellor Hunt reverses most Truss tax cuts

Jeremy Hunt has replaced Kwasi Kwarteng as Chancellor of the Exchequer.

Kwasi Kwarteng has done a sharp u-turn on a proposed tax cut for those earning over £150k.

Home-owners have benefitted from an "unearned, unequal and untaxed £3 trillion capital gains windfall" over the last 20 years, says the Resolution Foundation;